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| 正面铭文 | Belfast Banking Company Limited I Promise to pay the Bearer on Demand here or at the Coy`s Branches Twenty Shillings Belfast For the Belfast Banking Company Limited One Pound Established 1827. Incorporated 1865. |
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| 背面铭文 | One Belfast Banking Company Limited |
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The Belfast Banking Company was one of the six Ulster provincial banks that retained note-issuing rights after the Government of Ireland Act 1920 partitioned the island. That political rupture created immediate practical chaos for Irish banking — notes issued before partition were valid in both jurisdictions but newly issued notes faced uncertain cross-border acceptance, a problem that dragged on through the early 1920s as the Irish Free State established its own Currency Commission.
The company was eventually absorbed into the Midland Bank group in 1970. Pick 150B distinguishes itself from the broader 150 series by signature variety — the difference between these issues is administratively significant but easy to overlook without careful comparison against confirmed signed examples.